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Shares of Servicenow Inc Rise to a New 52-Week High

By Nick Russo

Servicenow Inc (NYSE:NOW) traded at a new 52-week high today of $303.66. This new high was reached on below average trading volume as 150,000 shares traded hands, while the average 30-day volume is approximately 1.5 million shares.

Based on a current price of $302.50, Servicenow Inc is currently 38.7% above its average consensus analyst price target of $185.34. Servicenow Inc shares have support at the 50-day moving average (MA) of $274.53 and additional support at the 200-day MA of $222.36.

Servicenow Inc share prices have moved between a 52-week high of $303.66 and a 52-week low of $147.63 and are now trading 105% above that low price at $302.50 per share. Over the last five market days, the 200-day moving average (MA) has gone up 1.0% while the 50-day MA has advanced 0.9%.

ServiceNow, Inc. provides enterprise information technology (IT) management software. The Company designs, develops, and produces prepackaged computer software, cloud services, and IT service management platform. ServiceNow serves customers throughout the United States.

SmarTrend recommended that subscribers consider buying shares of Servicenow Inc on June 10th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $278.08. Since that recommendation, shares of Servicenow Inc have risen 8.7%. We continue to monitor NOW for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows servicenow inc

Ticker(s): NOW